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In the forth-quarter GDP grew 2.2 %

GDP, U.S. Economy



The U.S. economy grew at a solid pace during the October-through-December period, helped by more robust consumer spending and growth in investments.
In the forth-quarter Gross domestic product has climbed by 2.2 % to $20,865 billions, an increase from $20,658 billions in the third-quarter on the seasonally adjusted basis, driven by higher investments, up 3.7 %, reported by the Commerce Department. Consumer spending and investments made major positive contributions to growth in the forth-quarter.
Broad-based economic growth at a solid pace during the forth-quarter, raises hopes that, the U.S. economy is on self-sustaining path.
The newly revised growth numbers reinforce the view that the economy remains in a very strong state. Salaries and Worker wages grew by 1.19 % quarterly.
U.S. Gross National Product grew by 3.0 % over the past 12 months, .


In the forth-quarter real consumer spending was estimated to have increased at a 2.5 % annualized clip, spending has slowed down but it was still major contributor to the U.S. growth, adding 1.7 of a percentage point to GDP growth in the forth-quarter, reported by the Commerce Department.
With estimated annual rate of $14,188 billions, seasonally adjusted in the third-quarter, consumer spending accounts for 68.68 % of economic activity.
Spending on U.S. made Goods increased by 2.1 %, where consumption of Durable Goods grew by 3.6 %, led by growing demand for new cars.
The bright spot of consumer spending was the increasing demand for nondurable goods, by 2.4 %, as other nondurable goods grew the most, up 0.76 %.
Sevice sector grew more than in previous quarter and faster than gross national product, spending on service increased by 2.6 %, led by 2.38 % increase in transportation. Consumer spending for services accounts for 69.76% of total speding and 47.45% of total GDP.

Final sales for domestic product, considered a measure of domestic demand because it excludes inventories and trade, jumped at a 2.1 % rate in the forth-quarter after rising 1.0 % in the third-quarter.

The second estimate of GDP incorporates more data from the private sector and provides a more accurate measure of growth than the initial report. The revision is also the first to include data on business earnings.



U.S. Gross National Product grew by 2.9 % for the year 2018, faster than 2.2 % in the year 2017.


More on U.S. Real Gross Domestic Product


Contributions to Percent Change in Real GDP
1.66% 0.66% -0.07% 0.10%
 
 
   Government Consumption
Government spending fell by -0.40 %, a 1.10 % increase in federal outlays was offset by a -1.30 % decline in local and state spending. Many states have slashed spending to close multi-billion-dollar budget gaps. Government consumption of $3,569 billions at annual rate, accounts for 17.11 % of total U.S. Economy.

 

    International Trade    Diversified
Investments grew by 3.70 % to $3,766 billions, but slow down compare to the July-through-September period on the seasonally adjusted basis.
Businesses, for their part, ratcheted up investments by 5.40 %. This was driven mainly by a rise in tech outlays, purchases of software and equipment grew 6.60 % and accelerated.
Stronger inventory buildup from October-through-December, added 0.14 percentage point to growth.
Economists expect companies to cut back on inventories in the January-through-March quarter. As a result, GDP growth is expected to slow.



U.S. growth would have been even faster if imports, which subtract from GDP, hadn't increased sharply: Imports rose 2.00 % from 9.30 % in the forth-quarter.




Relation of U.S. GDP, U.S. GNP
Corporate Profits by Industry
   







Quarters seasonally adjusted
(At annual rates Q / Q, in %)
IV Quarter
2018
rev.
III Quarter
2018
adv.
II Quarter
2018
final
I Quarter
2018
rev.
IV Quarter
2017
adv.
III Quarter
2017
final
Gross domestic product (GDP)
2.2 % 3.4 % 4.2 % 2 % 2.9 % 3.2 %
  Personal consumption expenditures
2.5 % 3.5 % 3.8 % 0.9 % 4 % 2.2 %
    Goods
2.1 % 4.6 % 4 % 0.5 % 4.8 % 2.3 %
    Durable goods
3.6 % 3.7 % 8.6 % -2.1 % 13.7 % 8.6 %
    Nondurable goods
2.4 % 3.2 % 3 % 1.5 % 2.3 % 1.1 %
    Services
2.6 % 4.3 % 5.5 % -0.4 % 7.8 % 4.5 %
             
  Gross private domestic investment
3.7 % 15.2 % -0.5 % 7.5 % 4.7 % 7.3 %
    Fixed investment
3.1 % 1.1 % 6.4 % 7.6 % 8.2 % 2.4 %
    Nonresidential
5.4 % 2.5 % 8.7 % 10.4 % 6.8 % 4.7 %
    Structures
-3.9 % -3.4 % 14.5 % 16.2 % 6.3 % -7 %
    Equipment & software
6.6 % 3.4 % 4.6 % 5.8 % 11.6 % 10.8 %
    Residential
-4.7 % -3.6 % -1.3 % -1.1 % 12.8 % -4.7 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
1.8 % -4.9 % 9.3 % 3.6 % 7 % 2.1 %
      Goods
1.2 % -8.4 % 13.5 % 3.4 % 11.6 % 1.8 %
      Services
2.7 % 2.4 % 1.5 % 4 % -1.4 % 2.5 %
    Imports
2 % 9.3 % -0.6 % 3.2 % 14.1 % -0.7 %
      Goods
0.5 % 10.5 % -0.4 % 2.6 % 17.3 % -0.2 %
      Services
8.6 % 4.3 % -1.4 % 5.9 % 1.1 % -2.6 %
             
Govt. consumption exp. & gross investment
-0.4 % 2.6 % 2.5 % 1.3 % 3 % 0.7 %
    Federal
1.1 % 3.5 % 3.7 % 1.7 % 3.2 % 1.3 %
    National defense
6.4 % 4.9 % 5.9 % 1.8 % 5.5 % 2.4 %
    Nondefense
-6.1 % 1.6 % 0.5 % 1.6 % -0.1 % -0.2 %
    State & local
-1.3 % 2 % 1.8 % 1 % 2.9 % 0.2 %
             
Addenda:            
  Final sales of domestic product
2.1 % 1 % 5.4 % 2 % 3.4 % 2.4 %
  Gross domestic purchases
2.2 % 5.3 % 2.8 % 2 % 4 % 2.7 %
  Final sales to domestic purchasers
2.1 % 2.9 % 4 % 2 % 4.5 % 1.9 %
  Gross national product (GNP)
2.1 % 3.1 % 4 % 1.9 % 2.7 % 3.7 %
  Disposable personal income
4.3 % 2.4 % 2.5 % 3.6 % 1.1 % 0.5 %
             
Current-dollar measures:            
  GDP
3.5 % 4.9 % 7.6 % 4.2 % 5.3 % 5.3 %
  Final sales of domestic product
4 % 3 % 4.3 % 2.1 % 4.8 % 2.2 %
  Gross domestic purchases
3.8 % 5.3 % 2.8 % 2 % 4 % 2.7 %
  Final sales to domestic purchasers
4 % 2.9 % 4 % 2 % 4.5 % 1.9 %
  GNP
5.8 % 3.1 % 4 % 1.9 % 2.7 % 3.7 %
  Disposable personal income
- % 2.4 % 2.5 % 3.6 % 1.1 % 0.5 %
             








Quarters seasonally adjusted
(Quarterly Y / Y, in %)
IV Quarter
2018
rev.
III Quarter
2018
adv.
II Quarter
2018
final
I Quarter
2018
rev.
IV Quarter
2017
adv.
III Quarter
2017
final
Gross domestic product (GDP)
3 % 3 % 2.9 % 2.6 % 2.6 % 2.3 %
  Personal consumption expenditures
2.6 % 2.9 % 2.6 % 2.4 % 2.8 % 2.6 %
    Goods
2.7 % 3.2 % 2.6 % 2.6 % 3.1 % 2.4 %
    Durable goods
3.4 % 5.6 % 6.6 % 6.6 % 7.3 % 6.1 %
    Nondurable goods
2.4 % 2.5 % 2 % 1.7 % 2.1 % 2.1 %
    Services
2.9 % 4 % 3.9 % 3.9 % 4.5 % 3.7 %
             
  Gross private domestic investment
6.8 % 6.1 % 4.6 % 6.2 % 3.6 % 4.6 %
    Fixed investment
4.6 % 5.4 % 5.8 % 5.2 % 5.4 % 3.8 %
    Nonresidential
7 % 6.8 % 7.1 % 6.7 % 6.3 % 4.6 %
    Structures
4.9 % 6.3 % 5.7 % 3.1 % 5 % 2.9 %
    Equipment & software
5.8 % 6.6 % 8.2 % 9.5 % 8.9 % 6.3 %
    Residential
-3.3 % 0.5 % 1.3 % 0.2 % 2.6 % 1.2 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
2.3 % 3.5 % 5.7 % 4.3 % 5 % 2.2 %
      Goods
2.1 % 4.4 % 7.3 % 5 % 6.5 % 2.7 %
      Services
2.7 % 1.8 % 2.7 % 3 % 2 % 1.3 %
    Imports
3.4 % 5.8 % 4.2 % 5 % 4.7 % 3.1 %
      Goods
3.2 % 6.5 % 4.5 % 5.2 % 5.5 % 3.6 %
      Services
4.2 % 2.6 % 2.6 % 3.8 % 0.8 % 1.2 %
             
Govt. consumption exp. & gross investment
1.5 % 2.2 % 1.3 % 0.7 % 0.7 % -0.1 %
    Federal
2.7 % 3.5 % 2.3 % 1.9 % 1 % 0.1 %
    National defense
5 % 4.2 % 2.2 % 2.1 % 2.3 % 0.1 %
    Nondefense
-0.5 % 2.4 % 2.3 % 1.7 % -0.9 % - %
    State & local
0.8 % 1.5 % 0.8 % - % 0.5 % -0.1 %
             
Addenda:            
  Final sales of domestic product
2.6 % 2.9 % 3.1 % 2.4 % 2.9 % 2.2 %
  Gross domestic purchases
3.1 % 3.3 % 2.7 % 2.7 % 2.6 % 2.5 %
  Final sales to domestic purchasers
2.6 % 2.9 % 3.1 % 2.4 % 2.9 % 2.2 %
  Gross national product (GNP)
2.9 % 3 % 3.1 % 2.7 % 2.5 % 2.4 %
  Disposable personal income
3.3 % 2.7 % 2.9 % 2.8 % 1.8 % 1 %
             
Current-dollar measures:            
  GDP
- % - % - % - % - % - %
  Final sales of domestic product
- % - % - % - % - % - %
  Gross domestic purchases
- % - % - % - % - % - %
  Final sales to domestic purchasers
- % - % - % - % - % - %
  GNP
- % - % - % - % - % - %
  Disposable personal income
- % - % - % - % - % - %
             



U.S. Real Gross Domestic Product and Related Measures

GDP, U.S. Economy in Billions of U.S. dollars




Quarters seasonally adjusted
(At annual rates, in Billions of Dollars)
IV Q. 2018

rev.
III Q. 2018

adv.
II Q. 2018

final
I Q. 2018

rev.
IV Q. 2017

adv.
III Q. 2017

final
Gross domestic product (GDP)
20,865.1 20,658.2 18,511.6 20,041.0 19,754.1 19,500.6
  Personal consumption expenditures
14,188.4 14,050.5 12,842.0 13,679.6 13,654.3 13,429.1
    Goods
4,386.6 4,371.3 4,537.6 4,267.7 4,401.8 4,301.4
     Durable goods
1,476.0 1,468.5 1,662.3 1,434.5 1,517.8 1,477.6
       Motor vehicles & parts
517.2 506.2 518.6 498.5 519.8 497.8
       Furniture & household equipment
332.0 334.2 381.1 324.1 346.8 339.1
       Other
228.9 229.8 259.4 223.4 237.9 234.5
               
     Nondurable goods
2,910.6 2,902.8 2,886.7 2,833.2 2,884.0 2,823.8
       Food off-premises consumption
1,009.9 1,007.4 965.2 988.3 955.3 939.1
       Clothing & shoes
398.5 398.0 393.4 385.5 405.5 399.8
       Gasoline, fuel, oil & other energy goods
348.1 352.0 446.6 340.6 327.5 296.0
       Other
1,154.0 1,145.3 1,069.5 1,118.8 1,195.7 1,188.8
               
    Services
9,801.8 9,679.1 8,329.8 9,411.9 9,252.5 9,127.7
      Housing
9,330.0 9,232.8 7,963.5 8,992.5 8,870.0 8,755.2
      Food services
956.9 960.6 815.2 914.2 888.8 879.5
      Electricity & gas
2,604.3 2,571.2 2,158.1 2,515.6 2,476.5 2,443.2
      Financial services
1,147.2 1,128.8 852.2 1,102.5 1,085.2 1,060.2
      Transportation
463.8 453.0 422.4 450.1 412.2 404.4
      Medical care
2,403.9 2,392.6 2,188.9 2,331.0 2,299.3 2,271.7
      Recreation
562.7 557.7 493.4 549.0 522.6 520.8
      Other
1,191.2 1,169.0 1,046.0 1,130.1 1,185.4 1,175.3
               
  Gross private domestic investment
3,766.3 3,710.7 3,316.7 3,543.8 3,295.3 3,249.2
    Fixed investment
3,658.8 3,618.0 3,322.3 3,507.4 3,279.2 3,207.3
      Nonresidential
2,864.8 2,819.7 2,710.1 2,720.3 2,513.0 2,468.4
      Structures
646.0 643.3 551.7 614.9 570.3 559.0
      Equipment & software
1,260.7 1,243.0 1,264.9 1,212.6 1,142.5 1,111.0
      Information processing equipment & software
409.8 415.8 502.9 401.9 334.7 327.7
      Computers & peripheral equipment
85.6 84.8 79.1 82.7 79.2 84.9
      Software
395.6 389.0 414.2 370.3 373.2 375.9
      Other
476.9 459.7 408.6 439.7 255.5 242.8
      Industrial equipment
254.5 250.2 236.6 243.9 250.6 246.7
      Transportation equipment
312.6 302.9 281.3 300.7 302.4 292.8
      Other equipment
283.9 274.1 257.0 266.1 254.8 243.8
      Residential
793.9 798.3 613.2 787.2 766.2 738.9
               
    Change in private inventories
107.5 92.7 -36.8 36.3 16.0 41.9
      Farm
-4.6 -3.5 -6.4 -1.9 3.5 3.4
      Nonfarm
112.1 96.2 -31.0 38.2 12.5 38.5
               
 Net exports of goods & services
-658.9 -653.5 -841.0 -639.2 -602.0 -534.1
    Exports
2,540.6 2,538.6 2,574.2 2,477.4 2,419.6 2,345.9
      Goods
1,661.6 1,668.6 1,809.2 1,628.1 1,607.4 1,544.1
      Services
879.0 870.0 769.8 849.3 812.2 801.8
               
    Imports
3,199.5 3,192.1 3,415.2 3,116.6 3,021.6 2,880.1
      Goods
2,596.0 2,602.4 2,870.0 2,537.1 2,478.6 2,345.2
      Services
603.5 589.7 546.1 579.4 543.0 534.8
               
 Govt. consumption exp. & investment
3,569.4 3,550.5 3,171.8 3,456.8 3,406.6 3,356.5
    Federal
1,341.9 1,329.5 1,224.0 1,294.8 1,278.9 1,263.5
      National defense
799.6 784.3 733.3 759.0 759.4 746.7
        Consumption expenditures
637.6 628.6 583.7 606.6 598.5 590.1
        Gross investment
162.0 155.7 149.8 152.4 160.9 156.5
      Nondefense
542.3 492.0 540.5 527.8 519.5 516.9
        Consumption expenditures
408.5 412.7 366.4 406.0 392.9 391.0
        Gross investment
133.8 132.5 123.6 129.8 126.5 125.9
    State and local
2,227.5 2,221.0 1,946.6 2,162.0 2,127.7 2,092.9
      Consumption expenditures
1,834.8 1,822.8 1,597.9 1,784.4 1,780.8 1,759.8
      Gross investment
392.8 398.2 348.7 377.6 346.9 333.1
               
Addenda:            
Final sales of domestic product
20,757.7 20,565.5 18,515.9 20,004.7 19,738.1 19,458.7
Gross domestic purchases
21,524.1 21,311.7 19,324.8 20,680.2 20,356.1 20,034.8
Final sales to domestic purchasers
21,416.6 21,219.0 19,330.8 17,187.0 19,738.1 19,458.7
Gross national product
21,120.0 20,913.3 18,766.4 20,309.8 19,976.4 19,728.9
Net domestic product
17,524.5 17,360.5 15,472.0 16,837.6 16,674.1 16,448.5



Annual U.S. Real Gross Domestic Product and Related Measures




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Quarters seasonally adjusted
(At annual rates Q / Q, in %)
2018

2017

2016

2015

2014

2013

Gross domestic product (GDP)
2.9 % 2.2 % 1.5 % 2.6 % 2.4 % 2.2 %
  Personal consumption expenditures
2.6 % 2.5 % 2.7 % 3.2 % 2.5 % 2.4 %
    Goods
2.8 % 2.1 % 2.8 % 2.6 % 1.8 % 1.9 %
    Durable goods
3.7 % 3.7 % 3.7 % 4 % 6.9 % 6.7 %
    Nondurable goods
2.1 % 2 % 2.3 % 2.8 % 2.1 % 1.9 %
    Services
5.9 % 4.8 % -1.6 % 5 % 3.4 % 3.4 %
             
  Gross private domestic investment
5.5 % 6.8 % 5.5 % 6.9 % 5.8 % 4.9 %
    Fixed investment
6.9 % 5.3 % -0.6 % 2.1 % 5.3 % 4.7 %
    Nonresidential
5 % 4.6 % -4.1 % -4.4 % 6.3 % 3 %
    Structures
7.4 % 6.1 % -3.4 % 3.5 % 8.2 % -0.5 %
    Equipment & software
7.5 % 4.6 % 6.3 % 4.8 % 6.4 % 4.6 %
    Residential
-0.3 % 3.3 % 5.5 % 11.7 % 4.8 % 3.4 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
4 % 3 % -0.3 % 0.1 % 3.2 % 3 %
      Goods
4.7 % 3.3 % 0.3 % -0.6 % 4 % 2.8 %
      Services
2.6 % 2.5 % -1.5 % 1.6 % 1.4 % 3.6 %
    Imports
4.5 % 4.6 % 1.3 % 4.6 % 4 % 1.1 %
      Goods
4.8 % 4.6 % 0.9 % 4.9 % 4.1 % 0.9 %
      Services
3.3 % 4.4 % 3.1 % 2.9 % 3.6 % 2.2 %
             
Govt. consumption exp. & gross investment
1.5 % -0.1 % 0.8 % 1.8 % -0.2 % -2 %
    Federal
2.6 % 0.7 % - % - % -1.9 % -5.7 %
    National defense
3.4 % 0.7 % -0.7 % -2.1 % -2.1 % -6.6 %
    Nondefense
1.5 % 0.8 % 1.2 % 3.3 % -1.5 % -4.1 %
    State & local
0.8 % -0.5 % 1.2 % 2.9 % 1 % 0.5 %
             
Addenda:            
  Final sales of domestic product
2.7 % 2.2 % 1.9 % 2.4 % 2.3 % 2.2 %
  Gross domestic purchases
3 % 2.5 % 1.7 % 3.2 % 2.5 % 1.9 %
  Final sales to domestic purchasers
2.9 % 2.5 % 2.1 % 3.1 % 2.5 % 1.9 %
  Gross national product (GNP)
2.9 % 2.3 % 1.4 % 2.3 % 2.3 % 2.2 %
  Disposable personal income
2.9 % 2.6 % 1.4 % 3.5 % 2.5 % 2.2 %
             
Current-dollar measures:            
  GDP
5.2 % 4.2 % 2.8 % 3.7 % 3.9 % - %
  Final sales of domestic product
5 % 4.2 % 2.1 % 3.6 % 3.9 % 3.7 %
  Gross domestic purchases
5.3 % 4.2 % 2.5 % 3.7 % 3.9 % 3.7 %
  Final sales to domestic purchasers
5.1 % 4.8 % 3.5 % 3.8 % 3.9 % - %
  GNP
5.2 % 4.3 % 2.7 % 3.4 % 3.7 % 3.2 %
  Disposable personal income
5 % 4.4 % 2.6 % 3.8 % 3.8 % 3.7 %
             





Annual U.S. GDP
(In Billions of Dollars)
2018

 
2017

 
2016

 
2015

 
2014

 
2013

 
Gross domestic product (GDP)
20,494.1 19,390.6 18,624.5 18,036.6 17,418.9 16,799.7
  Personal consumption expenditures
13,948.5 13,395.5 12,820.7 12,283.7 11,930.3 11,501.5
    Goods
4,338.8 4,295.3 4,121.4 4,012.1 3,968.7 3,885.9
     Durable goods
1,459.4 1,473.8 1,411.0 1,355.2 1,302.5 1,263.0
       Motor vehicles & parts
506.6 498.2 480.8 464.8 447.8 424.5
       Furniture & household equipment
330.4 338.7 325.2 305.1 287.5 285.8
       Other
228.1 405.8 385.5 376.6 205.5 205.0
               
     Nondurable goods
2,879.4 2,821.5 2,710.4 2,656.9 2,666.2 2,622.9
       Food off-premises consumption
1,000.9 937.7 915.1 900.7 888.6 884.0
       Clothing & shoes
394.2 400.2 393.7 379.5 365.4 362.7
       Gasoline, fuel, oil & other energy goods
346.9 304.1 273.7 303.7 398.3 408.7
       Other
1,137.3 1,172.8 1,126.1 1,076.9 1,013.9 967.5
               
    Services
9,609.7 9,100.2 8,699.3 8,271.6 7,961.7 7,615.7
      Housing
9,166.8 8,723.3 8,340.4 7,943.7 7,633.7 7,326.2
      Food services
943.1 878.2 849.2 808.8 755.5 736.5
      Electricity & gas
2,559.9 3,197.2 3,022.1 2,963.2 2,166.0 2,082.5
      Financial services
1,123.2 1,054.6 984.7 921.1 885.1 849.2
      Transportation
454.0 406.6 392.5 368.4 344.9 324.3
      Medical care
2,371.3 2,259.9 2,163.7 2,069.0 1,997.2 1,918.6
      Recreation
556.2 518.0 492.6 466.3 444.6 427.2
      Other
1,158.9 1,172.8 1,126.1 1,076.9 1,040.4 987.9
               
  Gross private domestic investment
3,650.1 3,212.8 3,057.2 3,056.6 2,851.6 2,670.0
    Fixed investment
3,593.5 3,197.2 3,022.1 2,963.2 2,769.6 2,564.0
      Nonresidential
2,799.1 2,449.6 2,316.3 2,311.3 2,210.5 2,047.1
      Structures
637.1 560.2 516.2 507.3 506.9 456.4
      Equipment & software
1,236.3 1,098.4 1,043.9 1,086.1 1,017.3 939.7
      Information processing equipment & software
409.4 323.1 303.9 314.3 294.1 290.1
      Computers & peripheral equipment
84.2 79.2 73.1 78.5 75.7 77.9
      Software
384.1 243.9 230.8 235.8 304.9 294.4
      Other
457.4 243.9 230.8 235.8 218.4 212.2
      Industrial equipment
248.0 243.3 225.0 220.9 238.6 202.8
      Transportation equipment
304.9 290.3 286.7 308.1 257.6 218.9
      Other equipment
273.9 241.6 228.3 242.9 227.0 227.9
      Residential
794.5 747.6 705.9 651.9 559.1 516.9
               
    Change in private inventories
56.5 15.7 35.1 93.4 82.0 106.1
      Farm
-2.9 2.4 -0.6 -2.0 7.9 40.4
      Nonfarm
59.4 13.2 35.7 95.4 74.1 65.7
               
 Net exports of goods & services
-625.4 -571.6 -521.2 -522.0 -538.2 -497.3
    Exports
2,531.3 2,344.0 2,214.6 2,264.3 2,337.0 2,259.9
      Goods
1,666.2 1,546.8 1,446.0 1,498.4 1,614.7 1,567.0
      Services
865.2 797.1 768.5 765.9 722.2 692.9
               
    Imports
3,156.7 2,915.6 2,735.8 2,786.3 2,875.2 2,757.2
      Goods
2,568.0 2,381.8 2,224.2 2,291.1 2,385.5 2,296.0
      Services
588.7 533.8 511.6 495.2 489.7 461.2
               
 Govt. consumption exp. & investment
3,520.8 3,353.8 3,267.8 3,218.3 3,175.2 3,125.5
    Federal
1,319.8 1,260.7 1,231.5 1,225.0 1,219.2 1,245.9
      National defense
778.9 744.4 728.9 732.0 761.5 770.7
        Consumption expenditures
622.8 588.7 585.2 590.6 618.9 612.0
        Gross investment
156.1 155.7 143.7 141.3 142.6 158.7
      Nondefense
540.9 516.2 502.6 493.0 457.6 475.1
        Consumption expenditures
409.2 389.1 379.4 373.1 346.3 359.0
        Gross investment
131.8 127.2 123.3 119.9 111.3 116.1
    State and local
2,201.0 2,093.2 2,036.3 1,993.3 1,956.1 1,879.6
      Consumption expenditures
1,811.2 1,754.4 1,693.6 1,641.2 1,620.4 1,548.1
      Gross investment
389.8 338.8 342.7 352.2 335.7 331.5
               
Addenda:            
Final sales of domestic product
20,437.5 19,374.9 18,589.4 17,943.3 17,336.9 16,693.7
Gross domestic purchases
21,119.4 19,962.2 19,145.7 18,558.6 17,957.2 17,297.0
Final sales to domestic purchasers
21,062.9 19,946.5 19,110.6 18,465.2 17,875.1 17,191.0
Gross national product
20,755.5 16,592.7 15,842.8 15,246.9 17,630.6 17,057.5
Net domestic product
17,220.2 19,390.6 18,624.5 18,036.6 14,682.7 14,153.2




Next U.S. GDP report is expected on February 25, 2121.
Source: Department of Commerce, BEA.gov


     
       
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